AT Language Solutions®, a leading Spanish B2B translation solutions provider, has acquired AABAM Translations, S.L. The acquisition, effective as of yesterday, will consolidate the brand's presence in Madrid where it has also had another branch since 2015.
Stéphane Magnard, CEO of AT Language Solutions®said 'opening this branch proves our growth momentum - something we expect will ramp up our national and international expansion, with further acquisitions forecast in the next five years’.
With an average turnover of 650,000 euros a year, AABAM Traducciones S.L. has been operating for 19 years following a traditional model. AT-Language Solutions' firm commitment to® technology and solid experience in SaaS (software as a service) translation solutions will be the driving forces behind the digital transformation process which will help rapidly align processes following the acquisition. To streamline the process for the workforce - who will remain at the company in their entirety - the brand's operational guidelines and quality standards will be adopted as swiftly as possible, with Magnard stating ‘our own technology will be the key’.
The purchase of this new branch in Madrid represents the second major step of the company's expansion strategy, after it opened its first international office in Paris last November. The company hopes to recoup its investment in the pilot purchase in the next two years, and expand its growth with a scalable acquisitions strategy.